Aswath Damodaran! 2! Some Initial Thoughts! " One hundred thousand lemmings cannot be wrong"! !Grafﬁti! We thought we were in the top of the eighth inning, ! when we were in the bottom of the ninth.. !

valinvN.ppt. Aswath Damodaran 1 Value Investing Aswath Damodaran. Aswath Damodaran 2 Who is a value investor? The Conventional Definition: A value investor is one who invests in low price-book value or low price-earnings ratios stocks. The Generic Definition: A value investor is one who ...

0 Equity Risk Premiums Aswath Damodaran ￻ Stern School of Business adamodar@stern.nyu.edu ￻ I would like to thank the World Bank, the University of Maryland Center for International Economics and the Stern School of Business for generous funding.